One in every four Americans is not saving for retirement at all, either because they are not thinking about it, do not really know how or, worse, do not feel they can afford to, according to a report by Country Financial.
Americans ages 18-29, often called “millennials,” are among the worst when it comes to saving for retirement, the firm said. Nearly a third—32 percent—aren’t saving at all for their “golden years.”
Many 20-somethings might just be pulling themselves out of the swamps of student debt, or maybe they just think retirement is too far in the future to worry about.
- US – 59% are worried about not having enough money for retirement finds Gallup
- Millennials and Retirement – Saving more and at a much earlier age
- US – The retirement crisis it’s not what some people want you to believe it is
- Millennial in US – Some facts are true, others …
- Retirement in US – Boomers working to stay employed
- US / Many baby boomers are reluctant to retire finds Gallup
- Millennials in US – Detached from institutions, networked with friends Pew finds